It’s About To Get Even More Expensive To Get Around NYC: New at Reason

In December 2018, New York’s Taxi and Limousine Commission (TLC) imposed a minimum wage on drivers working with services like Lyft and Uber. The new rules set a formula for driver compensation that raises the typical gross wage to $27.86 per hour, which the commission says works out to $17 per hour of take-home pay after expenses.

The wage hike comes just a few short months after the New York City Council passed a law freezing the number of ride-share drivers allowed on city streets. The same law gives the TLC power to impose an even lower cap in the years to come, writes Christian Britschgi.